Central Illinois Carpenters Health & Welfare Trust Fund

The Central Illinois Carpenters Health & Welfare Trust Fund is a nonprofit organization recognized as a Voluntary Employees' Beneficiary Association (VEBA), operating under Internal Revenue Code section 501(c)(9). It is designed to provide health and welfare benefits to union carpenters and their families in specific regions within Illinois.

Purpose and Benefits

The primary purpose of the Central Illinois Carpenters Health & Welfare Trust Fund is to administer a comprehensive range of health and welfare benefits to eligible participants. These benefits include medical coverage, vision, dental, and life insurance, as well as behavioral health services and short-term disability support. The fund also offers services to help members resolve personal issues through free, confidential consultations.

Governance and Administration

The organization operates as a not-for-profit entity, governed by a board of trustees who oversee its administration and management. This governance ensures that the benefits are managed efficiently and in accordance with the needs of its beneficiaries.

Tax Status

As a recognized VEBA, the Central Illinois Carpenters Health & Welfare Trust Fund is exempt from certain taxes under section 501(c)(9) of the Internal Revenue Code. It is required to file annual information returns (Form 990) with the Internal Revenue Service to maintain its tax-exempt status.

Geographic Scope

The fund primarily serves union carpenters residing in Illinois, particularly covering various local unions and related entities within the region.

Retirement Benefits

While the primary focus is on health and welfare benefits, related retirement savings plans are also part of the broader spectrum of benefits offered to union members. These plans are designed to provide financial support during retirement, ensuring long-term security for the members and their families.

Transparency and Compliance

The organization adheres to federal regulations, including compliance with the No Surprises Act, which protects covered individuals from surprise medical billing. By maintaining transparency in its operations and benefits structure, the Central Illinois Carpenters Health & Welfare Trust Fund aims to provide reliable and accessible services to its beneficiaries.